Comments 
Print 
Mail 
Large Medium SmallSales of upmarket residential apartments in Beijing soared after the government launched tightening measures in March to cool the market, a report found.
Sales valued at more than 10 million yuan ($1.61 million) accounted for 39 percent of high-end sales in April, much higher than the same period for last year, according to a report by Yahao Real Estate Selling and Consulting Solution Agency.
The Beijing municipal government said it will not grant sales licenses to projects priced “much higher” than the average rate in the region.
The price limit is one of reasons for high-end projects attracting higher prices as most of them are completed apartments that are not subject to the new regulations, according to the report.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
